Register Financial Advisors LLC Grows Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Register Financial Advisors LLC raised its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,745 shares of the technology company's stock after purchasing an additional 1,345 shares during the quarter. OSI Systems accounts for about 1.3% of Register Financial Advisors LLC's portfolio, making the stock its 16th biggest position. Register Financial Advisors LLC owned approximately 0.08% of OSI Systems worth $2,477,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of OSI Systems in the fourth quarter worth approximately $25,000. Smartleaf Asset Management LLC raised its stake in shares of OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after purchasing an additional 195 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock worth $108,000 after purchasing an additional 483 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of OSI Systems by 36.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock valued at $129,000 after acquiring an additional 207 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of OSI Systems by 80.1% in the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company's stock valued at $144,000 after acquiring an additional 383 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at OSI Systems

In other news, Director William Francis Ballhaus, Jr. sold 750 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $228.88, for a total value of $171,660.00. Following the completion of the transaction, the director now directly owns 24,055 shares of the company's stock, valued at $5,505,708.40. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Meyer/ Luskin sold 1,000 shares of OSI Systems stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $237.15, for a total value of $237,150.00. Following the sale, the director now directly owns 11,214 shares of the company's stock, valued at $2,659,400.10. This represents a 8.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,371 shares of company stock valued at $9,784,380 over the last three months. Company insiders own 5.20% of the company's stock.

OSI Systems Stock Performance

NASDAQ OSIS traded down $3.41 on Friday, hitting $214.95. 480,137 shares of the stock traded hands, compared to its average volume of 202,566. The business's fifty day moving average is $217.77 and its two-hundred day moving average is $197.51. OSI Systems, Inc. has a 12 month low of $129.18 and a 12 month high of $241.64. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.38 and a current ratio of 2.11.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.06. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. The business had revenue of $444.35 million during the quarter, compared to analyst estimates of $436.49 million. During the same period in the prior year, the company earned $2.16 earnings per share. OSI Systems's revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OSIS. Roth Mkm upped their target price on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Wall Street Zen raised OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Oppenheimer upped their target price on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Wells Fargo & Company reduced their target price on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, B. Riley reaffirmed a "buy" rating and issued a $255.00 target price (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, OSI Systems has an average rating of "Moderate Buy" and a consensus target price of $228.33.

OSI Systems Company Profile

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.